Cramer's 'Mad Money' Recap: Could Halliburton Have a Suitor?

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Abu Dhabi's move to take a small stake in Citigroup (C Quote - Cramer on C - Stock Picks) raises the question of what its next move will be, Jim Cramer told viewers of his "Mad Money" TV show Tuesday.

The market saw the purchase of Citigroup shares, which Cramer owns for his charitable trust, Action Alerts PLUS, as a ray of light for the banks, Cramer said.

Now, he said, it's reasonable to assume similar moves will be made in the future. For example, Cramer said it's possible JPMorgan (JPM Quote - Cramer on JPM - Stock Picks) or AIG (AIG Quote - Cramer on AIG - Stock Picks) could be the next takeover targets for the Middle East, but he said he doesn't want to touch those stocks right now.

Instead, Cramer said he'd rather look at Halliburton (HAL Quote - Cramer on HAL - Stock Picks), a company that announced plans to relocate its headquarters from Houston to Dubai earlier this year.

Its relocation, though, isn't the only reason he likes Halliburton. Cramer said the stock looks like an attractive buy for international investors because it has fallen 15% in less than a month.

Wall Street has focused on Halliburton's struggling North American pressure-pumping business, and that is the reason the stock is down, Cramer explained. However, the weakness in that segment is going to be offset by its accelerating international business, he said.

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